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BusinessDay Online is the leading medium for up-to-date news and insightful analysis of business, policy and the economy in Nigeria.

Lagos ranked fifth among the 20 wealthiest cities
17/04/2024

Lagos ranked fifth among the 20 wealthiest cities

Share Share YOU MIGHT ALSO LIKE Top Videos Top five airlines with the best in-flight dining Top Videos Stronger Naira fails to put food on tables Top Videos Total blackout as national grid collapses for the 5th time in four months comments powered by Disqus.

Nigeria Customs moves to expand trade relations with Benin Republic
17/04/2024

Nigeria Customs moves to expand trade relations with Benin Republic

Adewale Adeniyi, comptroller-general of Customs, has met with the Director-General of the Customs Administration of Benin Republic to...

WISTA Nigeria inaugurates new executives, targets new opportunities
17/04/2024

WISTA Nigeria inaugurates new executives, targets new opportunities

The newly elected executives of the Women’s International Shipping and Trading Association (WISTA) Nigeria, led by Odunayo Ani as...

IMB report raises concerns over continued threat of Somali piracy
17/04/2024

IMB report raises concerns over continued threat of Somali piracy

The ICC International Maritime Bureau (IMB) has raised concern on the continued pirate attack off the coast of Somalia in its first...

Lilypond Customs generates N1.39bn under export supervision scheme
17/04/2024

Lilypond Customs generates N1.39bn under export supervision scheme

The Nigeria Customs Service (NCS), Lilypond Export Command, said it generated a total of N1.39 billion under the Nigeria Export...

NPA opens 72 hours access window for export trucks to avert delay
17/04/2024

NPA opens 72 hours access window for export trucks to avert delay

The Nigerian Ports Authority (NPA) has opened a 72-hour access window for all export trucks to access various terminals...

Dangote Cement, Nestle, GTCO, Zenith, MTNN, others hold superior returns -Coronation Research
17/04/2024

Dangote Cement, Nestle, GTCO, Zenith, MTNN, others hold superior returns -Coronation Research

Analysts at Coronation Research have identified a selection of eleven NGX-listed equities that will deliver superior returns, and beat...

Kano DisCo invests N1.2bn in power distribution boost
17/04/2024

Kano DisCo invests N1.2bn in power distribution boost

Kano Electricity Distribution Company (Kano DisCo) has unveiled plans to invest N1.2 billion in network expansion and improvement in power...

Prolonged Seplat/Exxonmobil deal is costing Nigeria 480,000 bpd- Minister
17/04/2024

Prolonged Seplat/Exxonmobil deal is costing Nigeria 480,000 bpd- Minister

Exxonmobil: Heineken Lokpobiri, Nigeria's minister of state for petroleum resources has claimed that the prolonged negotiation around the...

Zino Aviation partners SafeFly Express to elevate pilot training standards
17/04/2024

Zino Aviation partners SafeFly Express to elevate pilot training standards

Zino Aviation, at the forefront of aviation training, and SafeFly Express, a top flight school have partnered to revolutionise aviation…

Sanwo-Olu grants 90-day amnesty to property owners, developers without planning permits
17/04/2024

Sanwo-Olu grants 90-day amnesty to property owners, developers without planning permits

Babajide Sanwo-Olu, the governor of Lagos State, has granted a 90-day amnesty period to property owners and developers of existing...

17/04/2024

Retaining skilled healthcare professionals in Nigeria

Naira Abuse: Court grants Cubana Chief Priest N10m bail
17/04/2024

Naira Abuse: Court grants Cubana Chief Priest N10m bail

Share Pascal Okechukwu, a businessman and socialite, well known as Cubana Chief Priest, has been granted 10 million naira bail by the Federal High Court, Lagos, for his arraignment for allegedly abusing the naira. He was alleged to have sprayed the naira on February 13, 2024, at Eko Hotel during a s...

17/04/2024

Lagos ranked fifth among the 20 wealthiest cities.

One dies, Police arrest 46 suspects as cult groups clash in Kwara
17/04/2024

One dies, Police arrest 46 suspects as cult groups clash in Kwara

The Kwara Stats Police Command says it has arrested 46 suspects in connection with cult clashes in some areas of the State capital...

17/04/2024

Severe flooding hit UAE after getting 2 years' worth of rain in 24 hours

The UAE have experienced severe flooding on Tuesday after two years' worth of rain fell in just 24 hours, records show.

Over a half foot - - 6.26 inches of rain was recorded in the United Arab Emirates city between 10 p.m. local time Monday and 10 p.m. local time Tuesday, according to the Dubai Meteorological Office.

The National Centre of Meteorology confirmed the record rainfall with more rain expected in the coming hours.

The rains left massive ponds on streets as winds disrupted flights at Dubai International Airport, the world's busiest for international travel and the home of the long-haul carrier Emirates.

The Dubai International Airport temporarily diverted inbound flights that arrived Tuesday evening local time due to "exceptional weather," the airport said in an alert.

Departures were unaffected.
All Dubai government entities and private schools were instructed to work remotely on Tuesday due to the weather conditions.
Rain is unusual in the UAE but occurs periodically during the cooler winter months. Many roads and other areas lack drainage given the lack of regular rainfall, causing flooding.

Rain also fell in Bahrain, Qatar, and Saudi Arabia.
In neighboring Oman, at least 18 people had been killed in heavy rains in recent days, according to a statement from the countrv's National Committee for Emergency Management.

FG suspends mining activities in OAU, environs indefinitely
17/04/2024

FG suspends mining activities in OAU, environs indefinitely

The federal government has announced the indefinite suspension of mining activities within around the Obafemi Awolowo University (OAU) and...

17/04/2024

Video: Abdullahi Umar Ganduje said, “I met with the President, and he told me that my position as APC Chairman, which the Kano State Government was trying to remove me from, will remain unchanged. He reaffirmed my position as APC National Chairman”

Delta govt serves demolition notice to illegal land occupiers
17/04/2024

Delta govt serves demolition notice to illegal land occupiers

Delta State Government on Tuesday issued a demolition notice to illegal occupiers of Government lands located within the Dennis Osadebay...

LG chairmen’s tenure extension plot suffers setback in court
17/04/2024

LG chairmen’s tenure extension plot suffers setback in court

The battle is between the Nyesom Wike camp that controls the Rivers State House of Assembly and the Governor Sim Fubara camp that controls...

Tinubu empowers 240 women farmers in south-west, north-central with N120m
17/04/2024

Tinubu empowers 240 women farmers in south-west, north-central with N120m

“Today, we are supporting 20 women farmers per State in the North-Central zone with the sum of N500,000 each. To

Severe flooding hit UAE after getting 2 years’ worth of rain in 24 hours
17/04/2024

Severe flooding hit UAE after getting 2 years’ worth of rain in 24 hours

The UAE have experienced severe flooding on Tuesday after two years’ worth of rain fell in just 24 hours, records

Respite for manufacturers as Dangote refinery sells diesel at N1000/litre
17/04/2024

Respite for manufacturers as Dangote refinery sells diesel at N1000/litre



Share In a welcomed turn for manufacturers grappling with rising operational costs, Dangote Refinery has revealed that diesel will be sold to marketers at N1000 per litre, thereby providing a much-needed respite to businesses in the country. The announcement comes amidst concerns over the continuous...

‘Textile, apparel industry should be reconceived as sunrise, not sunset industry
17/04/2024

‘Textile, apparel industry should be reconceived as sunrise, not sunset industry

In this exclusive interview with Titus Obiezue, vice president, of the data, analytics, reporting, and technology team of Risk Management...

Alleged unremitted N45bn: Reps tells SEC, FRC to reconcile
17/04/2024

Alleged unremitted N45bn: Reps tells SEC, FRC to reconcile

The House of Representative Public Accounts Committee has given an opportunity to the Securities and Exchange Commission (SEC) and...

CAP’s full-year profit rises to N2.5bn, highest in 13 years
17/04/2024

CAP’s full-year profit rises to N2.5bn, highest in 13 years

Chemical and Allied Products (CAP) Plc, a paint and coating company in Nigeria, has reported its highest profit in at least 13 years, data...

Family businesses will remain key to Nigeria’s economic, cultural identity – Moniepoint
17/04/2024

Family businesses will remain key to Nigeria’s economic, cultural identity – Moniepoint

Moniepoint, an African digital fintech, has said as family businesses evolve, they will remain at the heart of Nigeria's economic and...

OCP Africa donates N10m to support agricultural education
17/04/2024

OCP Africa donates N10m to support agricultural education

OCP Africa, a subsidiary of phosphate producer OCP Group, has committed N10 million to the Brightest University Fund, a crowdfunding...

17/04/2024

Bread prices rise as currency woes and war squeeze bakeries

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